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Property profile & analytics
OFF-MARKET
Office Spaces
6900 Cobblestone Blvd, Southaven, MS 38672-6490
Individually Owned
4-yr Hold
Free & Clear
Property ID
US50-0064965
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2004
Construction
BRICK
Total area
5,212 SF
Lot
0.52 ac (22,588 SF)
Zoning code
C-4
APN
1-07-8-34-14-0-00005-00
UPID
US50-0064965
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
YOUR KEY TO GOLD Consultant
-
CENTURY 21 Bob Leigh & Associates Real Estate Agency
-
Mike Pate Realtor with Capstone Realty Real Estate Agency
-
Bob Leigh and Associates: Jeff Waters Real Estate Agency
-
Barnes Patricia Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Robert Elbridge Leigh III · 4 yrs held
Robert Elbridge Leigh III
since 2022
3 recorded transactions
Zoning & alternative use
C-4 · Southaven, MS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Southaven submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Southaven submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$9,431
Tax year 2023
Assessed value
$65,148
Assessed 2023
Previous assessed
$65,148
+0.0% YoY
Effective rate
14.48%
On assessed value
Land market value
$81,200
Improvement market value
$353,121
Total market value
$434,321
Applied tax rate
2,400.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2004
Construction
BRICK
Heating
NONE
Stories
2
Total area
5,212 SF
Lot
0.52 ac (22,588 SF)
Zoning code
C-4
APN
1-07-8-34-14-0-00005-00
UPID
US50-0064965
Jurisdiction
DESOTO
Zoning & alternative use
C-4 · Southaven, MS
Zoning C-4 · permitted uses
C-4 · Southaven, MS
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Southaven. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2004
Construction
BRICK
Heating
NONE
Stories
2
Lot
0.52 ac
Current owner
From public records · entity-resolved
Robert Elbridge Leigh III
Individual
Free & Clear · 4 yrs held
Mailing address
6900 COBBLESTONE BLVD, SOUTHAVEN, MS 38672-6490
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2022
—
Robert Elbridge Leigh III
Rel LLC
Quit Claim Deed
related
—
Jun 11, 2021
—
Rel LLC
—
Deed
related
$250,935 · First Security Bank
Mar 7, 2019
—
Rel LLC
—
Deed
related
$600,000 · First Security Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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